Added: 4 years ago
From: seeprogress
Views: 1,670
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  • Speaking of stress in the housing markets, we've decided to keep an eye on mortgagee sales.

    But we'll keep an eye on it, particularly now that house prices are falling and it will make sense for some buyers in negative equity situations to simply hand their keys back to the bank.

    That's what people in England did in the early 1990s and that's what people are doing in the United States now.

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